Tornadoes in Mississippi:
Insurers have paid more than $31.6 million on 2,801 claims from tornadoes that hit Mississippi during January 2017.
The Mississippi Insurance department expect insured damages to reach the $100 million mark, with $50 million in uninsured losses.
A powerful tornado tore a 31 mile path across Mississippi killing four people and destroying more than 1200 homes. The most damage was in the towns of Hattieburg and Petal. At least 20 deaths were reported.
The Federal Emergency Management Agency (FEMA) said more than $51.7 million had already been approved.
The Mississippi Insurance Commission asked the insurance industry to expedite payments for living expenses for affected individuals.
More than 1,200 homes were damaged in eight total counties. 549 were destroyed or sustained major damage as a result of these tornadoes.
4 insurance companies including Allstate and the Hartford set up a help centre at Petal to assist storm victims. The units issued living/emergency expense payments to those people who were displaced.
It is estimated that insured damages would be about $100 million and uninsured losses more than $50 million.
Georgia was affected by storms, including tornadoes on January 21 and 22. Fifteen deaths were reported. The storms caused $100 million in damage.
The Georgia Department of Insurance urged the insurance industry to respond as quickly as possible to the affected individuals.
“Individuals in these areas have suffered devastating losses and should receive special consideration with regards to their insurance claims,” Hudgens said. “I have notified the larger insurers and expect them to first and foremost take care of the immediate needs of their policyholders. This includes providing direct emergency funds for basic necessities such as food and shelter.”
Mr. Hudgen of the Department also asked the insurance industry to exercise leniency in dealing with affected individuals. He referred to individuals whose premiums may appear tardy. This may be due to disruption of services such as mail, telecommunication as well as loss of property.